The only viable solutions are e-fuels, which produce fuel from electricity, water and CO2. However these are usually used as distraction, because they cannot be produced at a relevant scale for a reasonable price. The hope is to just burn fossil fuels as long as possible by providing an alternative that will soon solve all the problems. Currently there are only a couple pilot plants working. The price is around 6€ to 8€ per liter and is not expected to go down significantly.
For other industries such as steel (in the form of green hydrogen) or aviation these e-fuels are the only option to decarbonize. They will pay whatever they need. Better not compete with them for this scarce resource.
Combustion engines are not getting banned. Burning fossil fuels is. That is big difference.
So we transition to Ethanol or what? What climate-friendly fuels is he thinking about?
The only viable solutions are e-fuels, which produce fuel from electricity, water and CO2. However these are usually used as distraction, because they cannot be produced at a relevant scale for a reasonable price. The hope is to just burn fossil fuels as long as possible by providing an alternative that will soon solve all the problems. Currently there are only a couple pilot plants working. The price is around 6€ to 8€ per liter and is not expected to go down significantly.
For other industries such as steel (in the form of green hydrogen) or aviation these e-fuels are the only option to decarbonize. They will pay whatever they need. Better not compete with them for this scarce resource.